Notes to SEFA
The accompanying schedule of federal awards (the “Schedule”) includes the federal award activity of the Institute of Women & Ethnic Studies (hereinafter “IWES”) under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of IWES, it is not intended to and does not present the financial position, changes in net assets, or cash flows of IWES.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
IWES has not elected to use the de minimis indirect cost rate permitted under the Uniform Guidance, 2 CFR section 200.414(f). IWES recovers indirect costs in accordance with its negotiated indirect cost rate agreement with the Administrators of the Tulane Education Fund.